Abe’s stimulus package to push up GDP by 2% and create
600 thousand new jobs
The Japanese Cabinet office on Friday approved emergency economic
stimulus measures amounting to 10.3 trillion yen, equivalent to
some 2.2% of GDP. The total package is worth some 20 trillion
yen, including projects by local governments and private
companies. The government also expects the package to push up GDP
by 2%, and to boost employment by 600,000. The official
announcement of the package was largely in line with what was
revealed in the press over the past few days.